Losing Amazon

Last week, the cities still in the running for Amazon’s HQ2 officially found out the bad news: despite months of effort and billions of dollars in subsidies assembled, they will not be the new home for Amazon’s much ballyhooed second corporate headquarters, now split between two expansions in New York and Arlington, Virginia.

This is, of course, how the game was going to go. The corporate attraction strategy behind these failed bids is premised on scarcity: in the end, it’s a zero-sum competition between cities. As the indefatigable researchers at Good Jobs First have amply demonstrated, this competition often turns into a race to the bottom, leading to questionable value for ordinary city residents as subsidies are lavished to bring the next big thing to town.

Share This